Suppose you bought a 10-year $1,000 face-value bond for $925 one year agoThe annual coupon rate is 7% and interest payments are paid annuallyIf the price today is $1,004, the yield to maturity must have changed from _____________ to ______________.
a. 7.59% to 7.37%
b. 7.21% to 7.42%
c. 8.13% to 6.89%
d. 6.77% to 6.93%